The real test of support is time, which has not always been on VOR's side.
So, in chronological order,
22/2/13 The pump from 1.3c to 3c on "visible mineralisation" announcement with pending assays, nothing wrong here.
26/2/13-1/3/13? Patto's sells off 12mil+ say 15mil shares (according to downside Post #:9161047 (Not varified)) at 3c for a tidy $450,000 (but not knowing what Patto's paid initialy, hence profit?), nothing wrong here.
13/3/13 Patto's takes up placement at 1.6c and puts proceeds of sell off $450,000ish plus another $2,110,000ish for 160,000,000 shares, nothing wrong here (thanks very much).
Assays are due (with some speculation of a leak in some previous posts) Nothing wrong here???.
Support is now at 2c. Nothing wrong here (better than expected).
Questions:
Is this a pre-empt to great assays?
How long have Patto's been in the stock?
Has Patto's inside knowledge? (class action? in which case we get a share of nothing)
Are the assays good/bad? There is visible mineralisation, but the comparison is to the "Cap" of OT's deposit, which initially could disappoint the masses, but only requiring deeper drilling to prove the deposit. Is this a Patto's longer term goal/gamble?
I can only speculate, not having any insider knowedge, so what I think is:
15/3/13 The inclusion of Patto's has gernerally been accepted as a good thing.
18/3/13-22/3/13? The thrill of actually having the yak soon back with an assay may have enough momentum to pump back to 3c easily?
25/3/13? Assays could disappoint initially, but with further indication of porphyry below/nearby, could see good support here.
Keeping shareholders informed of progress goes without saying as further drilling is too far off for traders.
Again, without the aid of insider knowelede or a degree in finance etc, I'm just playing with myself.
Until the fat lady sings.
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Last
1.9¢ |
Change
-0.002(9.52%) |
Mkt cap ! $6.119M |
Open | High | Low | Value | Volume |
2.0¢ | 2.0¢ | 1.9¢ | $22.99K | 1.191M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 149451 | 1.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.0¢ | 399852 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 149451 | 0.019 |
5 | 500000 | 0.018 |
3 | 381000 | 0.017 |
3 | 1290000 | 0.016 |
1 | 70000 | 0.014 |
Price($) | Vol. | No. |
---|---|---|
0.020 | 399852 | 2 |
0.021 | 107728 | 2 |
0.022 | 177000 | 1 |
0.023 | 77977 | 1 |
0.024 | 167000 | 1 |
Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
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